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Technical situation

Recommendation

Short term comment

Falls of the price since relative highs set at 24.22 makes the long-term bullish scenario to be recently discarded. Very short-term falls restrainment gives a positive signal that will remain as long as it doesn't lose the support zone at 22.38-22.36 which would mean a more negative bias for the mid term.

Long term comment

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Indicator

Previous

Current

Signal

Comment

RSI 7

51.54

60.13

The RSI 7 doesn't show any sign of overbuy/oversell.

RSI 14

48.51

54.00

The RSI 14 doesn't show any sign of overbuy/oversell.

RSI 21

47.11

51.24

The RSI 21 doesn't show any sign of overbuy/oversell.

RSI 50

46.80

48.78

The RSI 50 doesn't show any sign of overbuy/oversell.

RSI 200

48.02

48.49

The RSI 200 doesn't show any sign of overbuy/oversell.

Fast Stochastic

n/a

n/a

Intermediate zone for the indicator, no exhaustion signal.

Slow Stochastic

n/a

n/a

Intermediate zone for the indicator, no exhaustion signal.

Simple Moving Average 7

23.07

23.08

Very short-term trend is bullish.

Simple Moving Average 21

22.90

22.91

Bullish mid-term trend.

Simple Moving Average 50

23.42

23.39

Indefinite mid-term trend.

Simple Moving Average 200

23.67

23.67

Indefinite long-term trend.

Exponential Moving Average 7

22.88

23.02

Very short-term trend is bullish.

Exponential Moving Average 21

23.03

23.06

Short/Mid-term trend is indefinite.

Exponential Moving Average 50

23.03

23.06

Indefinite mid-term trend.

Exponential Moving Average 200

23.03

23.06

Indefinite long-term trend.

MACD Line

-0.16

-0.11

Price following bearish trend.

MACD Signal

-0.18

-0.17

Price following bearish trend.

Bollinger 95

n/a

n/a

Bollinger 99

n/a

n/a

Double Exponential Moving Average 7

23.04

23.05

Very short-term trend is bullish.

Double Exponential Moving Average 21

23.26

23.23

Short/Mid-term trend is indefinite.

Double Exponential Moving Average 50

23.26

23.23

Indefinite mid-term trend.

Double Exponential Moving Average 200

23.26

23.23

Indefinite long-term trend.

Divergences

n/a

n/a

NO

On Balance Vol.

222,016.43

239,700.74

OBV is bullish

Momentum 7

-0.40

-0.26

Neutral speed of the very short term move.

Momentum 7

0.09

0.80

Strong, though not extreme, rising speed in the short term.

% K Williams

55.00

31.11

Neutral, doesn't favour a price turn.

Priority

Date

Notification

13/09/2019

Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-

13/09/2019

It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds

10/09/2019

Since it's close and above the short/mid-term Moving Average it could move upwards -though it it should break below the MA would revert the signal-

10/09/2019

It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal